Here's a promo video of it: http://www.youtube.com/watch?v=IL_enMPWT7s
Wired magazine had a small piece about the presentation, including that video: http://www.wired.com/autopia/2014/01/bmw-builds-self-driftin...
source: I did a lot of autocross racing.
edit: looking at it again I'd be extremely surprised if it was anything but a direction marker.